DULUTH, Minn. — The sale of ALLETE has been approved by the Minnesota Public Utilities Commission(MPUC)Friday, ALLETE, the company that runs Minnesota Power and Superior Water, Light and Power of Wisconsin, announced that the MPUC had approved its acquisition. The Pension Plan Investment Board and Global Infrastructure Partners are expected to officially acquire the company for $6.2 billion in late 2025. SEE PREVIOUS: ALLETE sale now just one step away“We are grateful to the Minnesota Public Utilities Commission for their thorough review and approval of this important and strategic partnership, and recognition this is in the public interest,” said ALLETE Chair, President and CEO Bethany Owen. “Today’s decision caps a comprehensive public process and positions ALLETE well to meet the significant infrastructure demands of the clean-energy transition without compromising the high-quality service and commitments to reliability and affordability that define our company. We are excited for this next chapter at ALLETE alongside CPP Investments and GIP, who are aligned with our values and support our Sustainability-In-Action strategy and our talented team of employees.”Officials with ALLETE say the acquisition will help meet the significant infrastructure demands of the clean-energytransition and approximately $200 million in customer benefits.